I would want to hire out a property management service though
My husband started reading Rich Dad, Poor Dad and The Millionaire next door; Now he is all about real estate. So if you want to make a lot of money and keep it long term, you need to invest! One of the easiest and most consistent things to invest in is properties, particularly rentals. My husband is always on the iPhone with a real estate agent talking about future apartments for sale, and real estate investing is all he wants to talk about in the evenings. He is all about getting a new home, renting it out and then using that money to buy the next 1. I saw the books above, so I see what his plan is. The setback is that my husband isn’t really good at buying any real estate. He doesn’t enjoy buying at all. The real estate broker will send him properties and frequently my husband will come up with a reason why he won’t buy them. One place he lost because he upset the seller of the new home so much. He kept offering drastically low amounts for their house. He’s angry with real estate agents trying to make offers on the sly without them. I told my husband he really doesn’t have what it takes to go into real estate. I have thought about doing it. I want to have a steady income for the rest of my life. I have the money to invest. I would want to hire out a property management service though. I wouldn’t want to deal with occupants calling me day in and day out. I don’t want to mow lawns, repair toilets and listen to their issues either.